Integral Reports Jump in November Trading Volumes

The FX technology company, Integral reported a record increase in its November volumes. The company announced that the total average daily volumes (ADV) last month touched $47.8 billion, an increase of 9.1% compared to October 2020.

According to the official press release shared with Finance Magnates, the volumes in November represent a 40.6% increase compared to the same period in 2019. The reported numbers include volumes traded across the group’s entire Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term network, including TrueFXTM and Integral OCXTM, in aggregate.

The US-based company reported a strong month on the back of solid performance in October this year when the technology provider reported $43.8 billion in ADV, a 6.8% jump compared to September 2020. Integral also reported that TrueFX has been particularly beneficial for the company recently because of high adoption and low-cost offerings.

Commenting about the success of TrueFX, Harpal Sandhu, CEO at Integral, said: “TrueFX has made it possible for any participant irrespective of size to access primary sources of liquidity directly. The proposition of eliminating credit as a barrier to entry is an exciting development in FX, and we are thrilled to see such high adoption of the service as participants seek increased accessibility to the markets in an organized, transparent, and low-cost manner.”

Partnerships

In addition to the consistent growth in ADV, Integral has been able to extend partnerships with some of the leading names in the FX industry. Finance Magnates earlier reported about the extension of the partnership between Integral and Switzerland-based online Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term, Swissquote through a multi-year subscription deal. The company also extended its multi-year FX collaboration with Refinitiv.

Founded in 1993, Integral has sales offices in Palo Alto, New York, London, Tokyo, Singapore and Bangalore, according to the details provided by the company. Integral presents TrueFX as an accessible, low-cost, spot trading facility delivered by Integral technology, centrally cleared by Jefferies FX Prime Brokerage and supported by a network of TrueFX clearing members.